The comet. (Johnson City, Tenn.) 1884-1916, 1887-04-07

ion and Tennessee Railway, corpora
ions chartered by the laws Of the
State OF North Carolina, have been
consolidated in conformity with the
statutes OF said states, under the name
If The Charleston, Cincinnati and
Chicago Railroad Company; and
the legislature of South Caro-
ina has, by statute approved Deem
Der twenty-fourth, eighteen hundred
and eighty-six, recognized, confirmed,
and validated said consolidation; and
the legislature Of North Caro-
ina has, by an act ratified the seven
teenth Of February, eighteen hundred
and eighty-seven, also recognized, con-
firmed, and validated said consolida-
ton with its consolidation capital |
stock of fifteen millions of dollars, and |
additional powers on said
consolidated railroad company; and
whereas the Charleston, Cincinnati
and Chicago Railroad Company desires
to extend its road through the States
of Tennessee, Virginia, and Kentucky,
to the Ohio river, as a continuous line
from the sea coast to said river; now
therefore,
l. Be it enacted by the General
Assembly Of Virginia, That the Char
lesion, Cincinnati and Chicago Rail-
road Company is hereby authorized
and empowered to extend, construct,
and operate its road from point on
the State line of Tennessee, by the
most practical route through or across
the State of Virginia, to some point on
the State line of Kentucky at or near
the breaks Of Sandy, and to that end
may enter upon lands, and survey its
route and condemn lands for tracks,
depots, machine shops, and other ap-
purtenances, as provided in the gener-
al law of the State, applicable to other
like corporations.
2. That said corporation may sue
and be sued, contract and be contract
ed with, and convey, purchase, and re-
ceive by gift or otherwise, real and
personal property by its corporate
name, and have common seal, and
exercise all the general powers of a
corporation of like kind provided
that should it ever consolidate with q
foreign corporation, the consolidated
company shall always remain a Vir
ginia corporation as regards the rights
of suing and being sued. 1t may exc
cute mortgages on its property anG
franchises to secure its debts; it may
their construction provided, however
that no branch hereby authorized
shall be built, nor the right of way &C
quired for such branch till after thu
main line has been constructed and il
ready for the running of trains through
the State of Virginia from Tennessee
I to Kentucky, on such line as the com
pany may adopt for its main line anC
provided further, that the said rail
road company and its successors shall
not have the right to the exclusive oe
cupancy of any mountain pass in an,
of the counties referred to in this act
where it is practicable to cohstruc
purchase or lease any other railroad
or purchase the stock or bonds of an,
other corporate company, or guaran
tee the stock and bonds Of any othe
railroad corporation, or consolidate
with and other railroad company o
companies chartered in this oran,
other State, or lease or farm out it
road and property, or the right Q
transportation over it; it may con
struct branches to any place, mine o
mandatory in the counties OF TazC
well, Scott Wise Buchanan, Dickensor
Russell, Washington, and Lee, wher
the tonnage and income will justif
and operate more than one railroad
and may construct and operate tell
graph lines along or near its right {
way, or contract with other persons c
1 corporations to construct or operat
I the same, or contract fer the use an
operation of telephones, or other lik
. apparatus.
3. 1t is agreed that this compan
shall always pay its taxes in gol
silver, or United States currency, an
: not in coupons.
4. That said company shall have a
: the powers and privileges conferre
on other railroad companies by Il
generel laws OF the State, and tn,
said railroad company shall begin co,
struction of said road within tv
1 years from the passage of this act, an
!" have it ready for running cars with
four years.
: 5. That this act shall be in for,
from and after its ratification.
L Passed both houses April 9Th 1873
The above bill is nearly the same
+ the one passed in the Tennessee lie
e islature few days ago. The only d
: ference is that made necessary by Il